Retirement plan

WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST

Name: WALTERS & WOLF GLASS COMPANY - WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST (2017) Form 5500
Creator: WALTERS & WOLF GLASS COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST, WALTERS & WOLF GLASS COMPANY

WALTERS & WOLF GLASS COMPANYEIN 94-2507766Plan #001PY 2017

41450 BOSCELL ROAD - FREMONT, CA 945383103510-490-1115waltersandwolf.comLinkedIn1001-5000 employeesconstruction

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$50.8M

+15.1% from 2016

Total participants

181

+4.0% from 2016

Average account balance

$285,161

+11.2% from 2016

Annual return

12.81%

+2.92 pp from 2016

Benchmarks

See 2,582 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,582 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$123.44M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$223K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

553

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.06%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$825

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY SMITH BARNEY, LLC Service code 27 · EIN 26-4310632 555 CALIFORNIA ST, 35TH FLOOR · SAN FRANCISCO, CA 94104	Advisory (Plan)	$65,099
AMERICAN FUNDS2+ years Filed as: AMERICAN FUNDS DISTRIBUTORS, INC. Service code 26 · EIN 95-2769620 6455 IRVINE CENTER DR. · IRVINE, CA 92618	Advisory (Participants)	$44,240

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2E2F2H2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$172K

$1157 / participant

Other / not subdivided$172K100.0%

% of EOY assets

0.340%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: TYS, LLP
Auditor EIN: 260618284
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$285,161

$58,726+385.6%

$92,233+209.2%

$62,292+357.8%

Participation rate

98.0%

68.3%+29.6pp

76.5%+21.5pp

69.5%+28.5pp

Annual return

12.81%

43.62%-30.8pp

176.28%-163.5pp

28.90%-16.1pp

Employer contribution / active EE

$17,137

$2,392+616.5%

$3,679+365.8%

$2,042+739.1%

Participant deferral / active EE

$7,958

$2,766+187.8%

$3,897+104.2%

$3,169+151.1%

Admin fee / account holder

$969

$556+74.1%

$5,194-81.3%

$479+102.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY SMITH BARNEY, LLC

Service code 27 · EIN 26-4310632

555 CALIFORNIA ST, 35TH FLOOR · SAN FRANCISCO, CA 94104

Advisory (Plan)

$65,099

AMERICAN FUNDS2+ years

Filed as: AMERICAN FUNDS DISTRIBUTORS, INC.

Service code 26 · EIN 95-2769620

6455 IRVINE CENTER DR. · IRVINE, CA 92618

Advisory (Participants)

$44,240

WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WALTERS & WOLF GLASS COMPANY PROFIT SHARING 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion